Dec 29, 2012 6:30pm EST
's justice correspondent, pete williams. >> reporter: in seattle entrepreneur brendon kennedy is putting his yale mba to work at what is apparently the nation's first private equity firm focused solely on marijuana. he is counting on the growing acceptance of it first for medical and now recreational use to fuel a boom. >> it is an industry that is in desperate need of professionalism. >> reporter: his group's maiden effort is this website, a service offering reader reviews of hundreds of different strains of marijuana, along with where to get them. >> it's a chance to create an entire new industry. you don't get opportunities like that many times in your lifetime. everything will be created from scratch. >> reporter: one study says the marijuana market is worth $2 billion a year and could reach $9 billion in five years, eventually doubling to $20 billion. but there is a huge catch. growing, selling, and using marijuana is still against federal law. as a result, banks won't do business with the marijuana trade. no checking accounts, no convenient way to pay salaries, and no ability to accept
Dec 29, 2012 7:00am PST
. they came for the bay area and as far as seattle and san diego. the visitors swarmed businesses like tahoe dave ski and board shop. >> the two bay area city that are topping the lists when it comes to the healthiest cities for men, couple are here. the study has done by men's health magazine and ranks cities by air quality, unemployment, the number one was boise idaho but at number two and three was san jose and san francisco. both got an a in health and fitness, they got a c in quality of life. >> we are days ringing in the new year and how the city of san francisco is preparing for the hundreds of thousands expected to celebrate there. >> the cause and concern in the south bay. the reservoirs being watched closely this weekend. [ game announcer ] touchdown! and here comes the dunk. [ male announcer ] everyone loves to dunk. ♪ [ game announcer ] will he dunk it? yes, he will. [ male announcer ] mcdonald's tender, juicy chicken mcnuggets in creamy ranch and spicy buffalo sauce. just $4.99 for 20 of your favorite chicken mcnuggets. ♪ [ game announcer ] will he dunk it? yes, he will.